Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
 Issue 2 - Apr/May/Jun 2024
 

Myanmar Sets More Requirements for Import Licences

The Department of Trade ("DOT") has enforced two measures tightening restrictions prior to the arrival and storage of imported goods and before import licences are obtained. These measures came into effect on 7 June 2024.


Pursuant to the Export-Import Law, DOT's Newsletter No. 3/2024 states that legal action will be taken against goods which arrive at the ports without import licences. This includes restricting the storage of goods without import licenses. In addition, DOT's Newsletter No. 2/2024 eliminated some categories of products to be stored in bonded areas without an import licence. Currently, only goods such as medicines, various electric vehicles and related accessories, industrial raw materials and chemical raw materials for industry, and food raw materials are permitted for storage without an import licence.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

Rajah & Tann
Myanmar Company Limited
Junction City Tower,
No.3A Bogyoke Aung San Road,
Level 13, Unit 13-04, Pabedan Township,
Yangon, Myanmar
http://mm.rajahtannasia.com

Contacts:

Dr Min Thein
Managing Partner
D +951 9345343
F +951 9345348
min.thein@rajahtann.com

Chester Toh
Director
D +65 62320220
chester.toh@rajahtann.com

Jainil Bhandari
Director
D +65 62320601
jainil.bhandari@rajahtann.com

Rajah & Tann Asia is a network of legal practices based in Asia.

Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client.

This update is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this update.